Newest Figures Show New Home Sales Gain in Wheeling
Posted on: Oct 06, 2013 07:45:20 AM
Closings stood at 1 in June after being 0 a year earlier and remaining unchanged at 0 in May from a year earlier. New home closings moved from none a year earlier to 1 after the figure moved from none in May 2012 to none in May 2013.
Following a year-over-year increase in May, closings of new and existing homes also rose year-over-year in June.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in June, but did not look to be a burden on the market. Foreclosures and REO closings, taken together, accounted for 19.5% of existing closings, lower than 22.9% a year earlier. The percentage of existing home closings involving foreclosures rose to 14.9% in June from 12.0% a year earlier while REO closings as a percentage of existing home closings slid to 4.6% from 10.8% a year earlier.
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